In a community-wide message on Jan. 22, Rooney announced a 2.4 percent tuition increase for the 2018-19 academic year. She noted it was the lowest increase in the past few years.
Loyola enrolled 356 more first-year students than what the university budgeted for the 2017-18 school year, and Residence Life has brought on a consulting group to map out solutions going forward.
Large financial aid packages, a bloated salary base and insufficient fundraising efforts have left Loyola scrambling for a million-dollar solution to address a potential looming budget crisis.
Loyola President Jo Ann Rooney recently appointed Magdziarz — who’s served in multiple roles over the course of his more than 35 years at the university — to be Loyola’s next Chief Financial Officer (CFO) and Chief Business Officer (CBO) after former CFO Robert Munson stepped down in April to take another job in Cincinnati.
Wayne Magdziarz will become Loyola’s next Chief Financial Officer (CFO) and Chief Business Officer (CBO), the university announced Aug. 3.